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Investing.com - JPMorgan has initiated coverage on Aumovio SE (ETR:AMV0) with an Overweight rating and a price target of EUR52.00.
The investment bank identifies Aumovio as a leading global supplier of electrical, electronic, mechatronic, and mechanical components, software, and systems for the automotive technology sector.
JPMorgan sees Aumovio’s investment case centered on a strategy to restore organic growth and achieve margins in the 4-6% range, driven by R&D efficiency in Autonomous Mobility and manufacturing and content gains in User Experience.
The price target of EUR52.00 is set for December 2026, following Continental’s spin-off of its automotive division.
The stock is currently trading at 0.4x FY25E EV/Sales, according to JPMorgan’s analysis.
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